Solar Panel Cost Guide in Wildomar, CA (2023 Update)
- Wildomar Solar Installation Cost: $5,351
- 25-Year Savings: $14,842
- Payback Period: 6.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Wildomar
Find out what the average cost of solar panels are in Wildomar.
Although the national average of solar panels is $2.66 per watt, solar panels in Wildomar generally cost about 2.73. The average solar panel system size in Wildomar is around 2.8 kilowatts, meaning a cost of about $5,351 for a solar installation, or $7,652 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of installing solar panels can vary quite a bit based on several factors, such as what size system you need, your energy consumption and what company you go with. For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $27,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a top solar installer in Wildomar that can help you get a more accurate cost estimate for your home.
Solar savings over time in Wildomar
| Year | Return on Investment |
|---|---|
| 1 years | $-4,543 |
| 3 years | $-2,928 |
| 5 years | $-1,312 |
| 7 years | $303 |
| 9 years | $1,919 |
| 11 years | $3,534 |
| 13 years | $5,149 |
| 15 years | $6,765 |
| 17 years | $8,380 |
| 19 years | $9,996 |
| 21 years | $11,611 |
| 23 years | $13,227 |
| 25 years | $14,842 |
Top Solar Installers in Wildomar
When going solar, many homeowners opt to use a solar installer since putting up a solar system yourself can be a time-consuming project. The expertise that solar companies offer can be helpful as well, particularly if you don't quite know what brand of solar equipment you need.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some in Wildomar:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Wildomar
Factors that Affect Solar Panel Costs in Wildomar
There are many criteria that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. There are several different solar panel brands and the one you choose also changes the cost. Usually, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many Wildomar homeowners decide to finance their solar panel systems to make going solar more affordable. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Wildomar is the company you hire to install your solar panel system. As with choosing a company to install new cabinets, for instance, there's no shortage of solar installers that provide a range of services for different budgets. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.84 | $11,925 | $31,332 | 6.9 years |
| 8 kW | $2.78 | $15,594 | $42,082 | 6.8 years |
| 10 kW | $2.73 | $19,110 | $52,984 | 6.6 years |
| 12 kW | $2.68 | $22,473 | $64,040 | 6.5 years |
| 14 kW | $2.62 | $25,684 | $75,248 | 6.4 years |
| 16 kW | $2.57 | $28,741 | $86,609 | 6.2 years |
| 18 kW | $2.51 | $31,646 | $98,124 | 6.1 years |
| 20 kW | $2.46 | $34,398 | $109,791 | 6.0 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Contract: When looking through your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Warranty: If you're worried about the durability of your solar system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Wildomar, CA Solar Cost FAQs
What is the average cost of installing solar panels in Wildomar?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $13,650 for a 5-kW system and $27,300 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Wildomar?
You can't get solar panels for free in Wildomar. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
How will solar panels impact the value of my home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Wildomar is currently $376,035, so you can expect a value of about $15,417 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Wildomar is a worthwhile investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.